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Hydropower Plant
2023-02-08
Statkraft Reports Dams in Turkey Safe After Earthquake, Donates to Relief Work
In the aftermath of a powerful earthquake that killed thousands of people in Turkey and Syria on Feb. 6, Statkraft reported its two hydropower plants in the country were unaffected, and the company has donated NOK1 million (US$95,951) to the Red Cross.Acc
Solar Inverter
2023-02-08
FMI tracked market trends for PV inverters in the US, China, and UK; learn about the factors driving rising demand
The PV inverter market is predicted to capture a valuation of US$ 1.5 billion in 2023, and is rising to US$ 2.8 billion by 2033. The market is estimated at a CAGR of 6.4% during the forecast period.Factors influencing the market growth are· The rising dem
Offshore Wind Power
2023-02-08
MPS, JGC to Jointly Deliver Floating Wind Projects Offshore Japan
Marine Power Systems (MPS) and JGC Japan have signed a non-exclusive collaborative agreement to deliver floating offshore wind platforms at a commercial scale in Japan.Under the agreement, MPS’ floating wind platform technology, PelaFlex, and JG
Offshore Wind Power
2023-02-08
Siemens Gamesa, Doosan Make Their Joint Offshore Wind Plans in Korea Official
Siemens Gamesa and Doosan Enerbility Have Signed a Binding Framework Agreement for a Strategic Partnership for the South Korean Offshore Wind Market.
China-Pakistan
2023-02-08
Coal Power Plant Under CPEC Put Into Operation in Pakistan
This aerial photo taken on Feb. 4, 2023 shows an open-pit coal mine included in the Thar Coal Block-I Coal Electricity Integration project in Sindh province, Pakistan. A coal-fired power plant of the Thar Coal Block-I Coal Electricity Integration project
Oil & Gas Trade
2023-02-08
India Will Buy Oil From ‘Wherever We Have to’ if Terms Are Beneficial, Energy Minister Says
India will secure oil from anywhere as long as the terms are beneficial, India’s energy minister told CNBC.India is the third largest oil consumer in the world, and according to Hardeep Singh Puri, accounts for 30% of global consumption.Today we
Oil & Gas Trade
2023-02-08
Turkey’s Ceyhan Oil Port Disrupted by Weather as Earthquake Damage Assessed
Adverse weather conditions are obstructing loading operations at Turkey’s Ceyhan port, where the impact of Monday’s immense twin earthquakes is still being assessed, according to oil traders and shipping sources.Operations were interru
Oil Price
2023-02-08
Oil Prices Steady Amid Prospects of Fuel Demand Rebound in China
Global oil demand is set to surge to record levels this year as China's economy recovers. GettyOil prices were steady in morning trade on Monday as the prospects of a rebound in fuel demand in China offset concerns about a recession.Brent, the ben
Oil Price
2023-02-08
Oil Prices Rise Amid Signs of Tightening Demand
Traders at the New York Stock Exchange. Analysts expect the price cap on Russian refined product exports to have a bigger impact on global crude flows than the price cap on its crude. GettyOil prices rose in morning trade on Tuesday amid signs that China&
Nuclear Technology
2023-02-08
Philippines Considers Nuclear as a Solution to Potential Baseload Power Crisis
The Philippines is facing a significant challenge as around 80% of its baseload power is under threat. To address the issue, the country must transition away from its heavy reliance on coal, and the adoption of nuclear power is the fastest option and woul
Nuclear Power Plant
2023-02-07
Russia and Myanmar sign Intergovernmental Agreement on nuclear energy cooperation
On February 6, in Yangon (Myanmar), Rosatom Director General Alexey Likhachev and the Union Minister for Science and Technology Dr. Myo Thein Kyaw signed the Intergovernmental Agreement on cooperation in the field of the use of nuclear energy for peaceful
Electric Vehicle Battery
2023-02-07
Electric Vehicle Battery Housing Market Demand to Expand at a Cagr of 31.8% By the Year 2033 | Future Market Insights
According to ESOMAR-certified Future Market Insights (FMI) – Over the forecast period, the global electric vehicle battery housing market demand is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Mn in 2023
Nuclear Power Plant
2023-02-07
France, India and UAE Announce Cooperation Roadmap
The foreign ministers of the three nations have formally announced a trilateral initiative which will focus on solar and nuclear energy, as well as the fight against climate change and the protection of biodiversity, particularly in the Indian Ocean regio
Nuclear Power Plant
2023-02-07
‘No Damage’ Reported at Akkuyu Site After Turkey Earthquakes
There have been no reports of damage to the Akkuyu nuclear power plant after two large earthquakes struck Turkey. But safety checks are continuing at the plant, which is currently under construction.There was a landmark construction moment last month whic
Energy Storage Battery
2023-02-07
Southeast Asia’s Largest Battery Goes Online
Sembcorp Industries has connected a 285 MWh battery storage system to the grid on Jurong Island, Singapore. It is reportedly Southeast Asia’s largest energy storage system, featuring 800 large-scale lithium iron phosphate (LFP) batteries.
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